Teddy Sagi seeks Best of the Best buyout

• Published date: 26 June 2023
• Author: Shiri Habib-Valdhorn
• Publication title: Globes (Rishon LeZion, Israel)

The company is Best of the Best (BOTB), which is also traded on London's AIM with a current market cap of £44 million ($56 million). BOTB, which has 26 employees, started out as chain of stores at airports and shopping centers in the UK, and over the years change its activities

The company today operates as a website in which skill-based competitions are held for cars, luxury watches, motorbikes, and electronic goods. Since 1999, prizes worth £52 million have been awarded. While participants are required to play games, BOTB is not a gambling company.

During the fiscal year that ended in April, BOTB recorded revenue of £26.2 million, down 24.5% from the previous year. The company's revenue has been extremely volatile over the past few years. In the 2020 fiscal year, before the Covid pandemic, revenue was £17.8 million...